Adjusted net national income in Iceland
Iceland: Adjusted net national income was 2.9% in 2021. ◆ Volatile
Adjusted net national income in Iceland, 2012–2021
Source: Staff estimates, World Bank (WB). Measured in annual % growth.
Analysis
The most recent figure for adjusted net national income in Iceland is 2.9%, measured in 2021.
The figure is up 127.4% on the previous year and down 22.8% over ten years.
Over the whole period, adjusted net national income in Iceland peaked at 15.2% in 2013 and was at its lowest, -10.5%, in 2020.
Iceland ranks 94th of 154 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted net national income in Iceland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2012 | 3.7% | — |
| 2013 | 15.2% | +309.2% |
| 2014 | 3.6% | -76.5% |
| 2015 | 8.0% | +123.2% |
| 2016 | 6.8% | -14.3% |
| 2017 | 4.7% | -31.3% |
| 2018 | -0.3% | -105.3% |
| 2019 | 8.4% | -3458.4% |
| 2020 | -10.5% | -224.6% |
| 2021 | 2.9% | -127.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.3% | -0.3% | 15.2% | 8 |
| 2020s | -3.8% | -10.5% | 2.9% | 2 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted net national income in Iceland?
- Adjusted net national income in Iceland was 2.9% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted net national income recorded in Iceland?
- The highest recorded value was 15.2% in 2013.
- What is the lowest adjusted net national income recorded in Iceland?
- The lowest recorded value was -10.5% in 2020.
- How does Iceland rank for adjusted net national income?
- Iceland ranks 94th out of 154 countries with data for 2021.
- Is adjusted net national income rising or falling in Iceland?
- Over the last ten years it is down 22.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted net national income (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.